The Decentralization Dilemma in India [electronic resource] Purfield, Catriona.
- Washington, D.C. : International Monetary Fund, 2004.
- IMF eLibrary
IMF Working Papers; Working Paper No. 04/32.
IMF Working Papers; Working Paper No. 04/32
- Government document
1 online resource (31 p.)
- Local subjects:
Central government deficit.
Central government expenditure.
General government expenditure.
Governmental fiscal relations.
Intergovernmental fiscal relations.
Level of indebtedness.
- Already in precarious shape, the financial health of India’s states took a turn for the worse in the late 1990s when state deficits and debt rose sharply. While India is among the world’s most decentralized economies, greater decentralization is not the root cause of this situation. Panel estimation techniques find evidence that the trend rise in deficits reflects problems of transfer dependence and moral hazard that undermine states’ incentives to control deficits. Those states that rely more on central government transfers and have easier borrowing access run higher deficits.
- Description based on print version record.
- Purfield, Catriona.
- Other format:
- Print Version:
- Publisher Number:
- Access Restriction:
- Restricted for use by site license.
|Location||Notes||Your Loan Policy|
|Description||Status||Barcode||Your Loan Policy|